Tianjin Jinran Renews Connected Construction Services Deal With Controlling Shareholder

Tianjin Jinran Public Utilities Co. Ltd. Class H ( (HK:1265) ) just unveiled an update.

Tianjin Jinran Public Utilities has renewed its construction services framework with controlling shareholder Jinran China Resources, signing a new three-year agreement under which Jinran China Resources and its associates will continue to undertake gas pipeline, supporting facilities and gas meter installation projects, as well as broader outdoor and indoor gas facilities construction, renovation, integrated energy works and related inspection, design, supervision, procurement, installation and maintenance services for the group. The continuing connected transaction, which features annual caps of RMB107.9 million, RMB99.5 million and RMB97.2 million for 2026–2028 respectively, will be subject to reporting, announcement, annual review and independent shareholder approval under Hong Kong Listing Rules, underscoring governance and pricing safeguards while ensuring continuity of key infrastructure projects that are central to the company’s operations and capital expenditure planning.

The most recent analyst rating on (HK:1265) stock is a Hold with a HK$0.18 price target. To see the full list of analyst forecasts on Tianjin Jinran Public Utilities Co. Ltd. Class H stock, see the HK:1265 Stock Forecast page.

More about Tianjin Jinran Public Utilities Co. Ltd. Class H

Tianjin Jinran Public Utilities Company Limited is a PRC-incorporated gas utility enterprise listed in Hong Kong, focusing on the construction, operation and maintenance of gas pipeline networks and related facilities, as well as provision of integrated energy services to its customer base in Tianjin and surrounding regions.

Average Trading Volume: 938,048

Technical Sentiment Signal: Strong Sell

Current Market Cap: HK$329.2M

Learn more about 1265 stock on TipRanks’ Stock Analysis page.